Q.4 Omer Estates had January 1 and December 31 balances as follows.

4. Omer Estates had January 1 and December 31 balances as follows. (3 Marks) 1/1/2018 12/31/2018 Inventory $50,000 $ 89,000 Accounts payable $31,000 $ 50,000 For 2018, cost of goods sold was $450,000